SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP (P-S4FIN-2023) Free Practice Test

Question 1

Your company code is configured with three depreciation areas that post in real time The
company is configured to update company code and group currency types. How many documents are
posted when you post a partial scrapping for a single depreciation area?

A. 4

B. 3

C. 1

D. 2

Correct Answer: C

Question 2

In the standard delivery system, what isthe maximum number of components you can use for the primary cost component split of activities and the cost component split of cost of goods sold?

A. 100

B. 40

C. 160

D. 120

Correct Answer: D

Question 3

You start your first sandbox migration and get a lot of errors.How are errors handled in an SAP S/4HANA migration? Note: There are 2 correct answersto this question.

A. Errors must be clarified, and uncritical errors can be accepted

B. All errors must be corrected before SUM (Software Update Manager)starts.

C. Critical errors must be resolved in the production system before Go Live.

D. All errors related to closed years can be ignored.

Correct Answer: B,C

Question 4

Which of the following components are obsolete and require migration activities during a standard conversion to SAP S/4HANA?Note: There are 3 correct answersto this question.

A. Costing-based CO-PA

B. Accrual Engine

C. Special Purpose Ledger

D. Classic Credit Management

E. Cash Management

Correct Answer: A,C,D

Question 5

In which of the possible scenarios can you indicate that an account is also a statistical cost element?Note: There are 2 correct answers to this question.

A. It is used as special reserve balance account in fixed asset accounting.

B. It is used as balance sheet account for APC costsin fixed asset accounting.

C. It is used as WIP account from price differences in the material account assignment

D. It is used as inventory account (BSX) in the material account assignment.

Correct Answer: B,C

Question 6

In your system you have multiple standard ledgers .Which values can be posted to a single ledger? Note: There are 3 correct answers to this question.

A. Accruals

B. Taxes

C. Payments

D. Depreciation

E. Currency valuation

Correct Answer: A,D,E

Question 7

What system configuration in your customer's current SAP ERP system will have a major effect on the duration and complexity of a system conversion to SAP S/4HANA?

A. The system uses classic asset accounting to manage fixed assets.

B. The system does NOT use material ledger for actual costing.

C. The customer uses the accounts approach for parallel accounting

D. The customer does NOT use business partners to manage customers and suppliers

Correct Answer: A

Question 8

Which reports are included with SAP S/4HANA, embedded analytics? Note: There are 2 correct answers to this question.

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SAP Certified Professional - SAP S/4HANA Cloud Private Edition, Financials for SAP ERP (P-S4FIN-2023) Free Practice Test